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Why is Productivity Growth in the Euro Area so Sluggish?
Estevão, Marcello M. - 2004
Slow productivity growth has plagued the euro area since the mid-1990s. That is particularly striking in view of the … large productivity gains in the United States during the same period. This paper shows that the deceleration in labor … productivity in the euro area was caused by structural changes in wage formation that have affected the relative price of labor …
Persistent link: https://www.econbiz.de/10014404033
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Being poor, feeling poorer : inequality, poverty and poverty perceptions in the Western Balkans
Koczan, Zsoka - 2016
Emerging Europe has undergone a major economic transformation over the past 25 years. Most countries experienced initial drops in output during transition, followed by recovery in the second half of the 1990s. The path of transition in the Western Balkans has however been particularly uneven....
Persistent link: https://www.econbiz.de/10011434920
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Robust measures of core inflation for Vietnam
Kalra, Sanjay; Bui Thi Trang Dzung - 2016
The paper develops robust measures of core inflation for Vietnam that can be used in policy making. These core inflation measures (CIMs) are based on an analytical evaluation of the inflation process in Vietnam, and use a filtering approach to narrow down potential measures that satisfy certain...
Persistent link: https://www.econbiz.de/10011436747
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Illuminating economic growth
Hu, Yingyao; Yao, Jiaxiong - 2019
satellite-recorded nighttime lights as an additional measurement of true GDP per capita, we provide a statistical framework, in … results for measurement error models to identify and estimate the nonlinear relationship between nighttime lights and true GDP …
Persistent link: https://www.econbiz.de/10012019789
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A volatility and persistence-based core inflation
Silva Filho, Tito Nícias Teixeira da; Figueiredo, … - 2015
Persistent link: https://www.econbiz.de/10011282718
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Measuring output gap : is it worth your Time?
Chen, Jiaqian; Górnicka, Lucyna - 2020
We apply a range of models to the U.K. data to obtain estimates of the output gap. A structural VAR with an appropriate identification strategy provides improved estimates of output gap with better real time properties and lower sensitivity to temporary shocks than the usual filtering...
Persistent link: https://www.econbiz.de/10012170152
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Measuring competitiveness in a world of global value chains
Bayoumi, Tamim A.; Appendino, Maximiliano; Barkema, Jelle; … - 2018
All common real effective exchange rate indexes assume trade is only in final goods, despite the growing presence of global supply chains. Extending effective exchange rate indexes to include such intermediate goods can imply radically different effective exchange rate weights, depending on the...
Persistent link: https://www.econbiz.de/10011932479
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Macroprudential stress tests : a reduced-form approach to quantifying systemic risk losses
Alla, Zineddine; Espinoza, Raphael A.; Li, Qiaoluan H.; … - 2018
We present a novel approach that incorporates individual entity stress testing and losses from systemic risk effects (SE losses) into macroprudential stress testing. SE losses are measured using a reduced-form model to value financial entity assets, conditional on macroeconomic stress and the...
Persistent link: https://www.econbiz.de/10011932566
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The measurement and macro-relevance of corruption : a big data approach
Hlatshwayo, Sandile; Oeking, Anne; Ghazanchyan, Manuk; … - 2018
Corruption is macro-relevant for many countries, but is often hidden, making measurement of it-and its effects …
Persistent link: https://www.econbiz.de/10011905930
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The whole elephant : a proposal for integrating cash, accrual, and sustainability-gap accounts
Irwin, Timothy C. - 2015
Although the budget deficit is much discussed in political debate and economic research, there is no agreement on how it should be measured. There are at least four options, which can be called the cash deficit, the financial deficit, the full-accrual deficit, and the comprehensive deficit. Each...
Persistent link: https://www.econbiz.de/10011445834